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. and there are fiscal cliff talks and on capitol hill for a single day, all was quiet. that's always bad news if you are a political reporter, shannon travis live in washington, d.c.. there are some people who say well, let's read into the silence, because that's all we're getting and it's good news. do you feel that way? >> could be potentially good news. there is this notion of not negotiating through the media. the stakes are high, puts pressure on both sides. so on? that sense, as much as we would love to know what's going on in these discussions, it might be good to take some of the pressure off. i will read a statement from house speaker john boehner's press secretary. discussions with the white house are taking place, but we have no detail to share about the substances of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. obviously, the president is saying he is waiting as well, soledad. waiting for re
, president obama and john byron finally discussing the fiscal cliff. they talked by telephone yesterday. with just 26 days remaining to get a deal done, there are signs of compromise on the republican side. oklahoma's republican senator tom coburn a leading conservative saying he is okay with raising taxes on the wealthiest 2% of americans. in a few moments, soledad o'brien will talk with oregon senator is jeff merkley. he sits on the budget committee. >>> naeem davis now charged with murder for allegedly pushing a man off a new york city subway platform. davis was arraigned last night on a second-degree murder charge. police say he pushed 50-year-old ki-suk han on to the tracks and into the path of an oncoming subway train. >>> internet security pioneer john mcafee could be deported to belize as early as today. guatemalan officials detained mcafee yesterday. they accuse him of entering their country illegally. he turned up in guatemala on tuesday after disappearing from his home in belize. police there want to question mcafee in connection with a murder, his neighbor's murder. he says
cliff talks. kayla is live with that. >> reporter: a little bit of movement potentially. president obama and house speaker john boehner spoke by phone yesterday as democrats and republicans continue to dig their heels in over this budget standoff. there's been no announcement of any new face the face talks as lawmakers try to reach a deal to avoid the so called fiscal cliff in january. treasury secretary tim geithner tells cnbc republicans have made a little progress, but the obama administration is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax rates on wealthy americans." apple has lost a bit of its shine. the tech giant stock suffering its worst day in four years on thursday. several factors may have been at play. investors worried apple may be giving up ground in the tablet market to rivals, while nokia beat the company to the punch. there are also unconfirmed reports a stock clearinghouse firm is reducing the margin requirements on apple stock. apple lost $35 billion in market value yesterday. to put that into perspective, there are 417 companies listed
. >>> could it be a sign that the stalemate in the fiscal cliff talks could be resolved soon. wednesday, president obama spoke with john boehner and eric cantor says the gop is ready to, quote, talk specific. if an agreement is not reached, defense employees will take a hard hit. almost half of the automatic cuts that would take effect will impact the department of defense and civilian employees are expected to be first to feel it. >>> new this morning, the duchess of cambridge is out of hospital and as we see in this video, just in to the newsroom, she and prince william were seen leaving about 0 minutes ago to head to kensington palace. the couple is expecting their first child and kate had been hospitalized for severe morning sickness. her stay in the hospital was uneventful except for a prank call by a pair of australian dj is pretrending to be the queen and prince charles. >>> same-sex couples in washington state line up to say i do and the state rolls out a controversial new law that legalizes smoking pot in private. >> a software giant arrested. john mcafee is at the center of an
is flawed. >>> house speaker john boehner says he has no progress report on fiscal cliff talks because there is no progress to report. told reporters yesterday, president obama needs to drop what boehner called his m eed h or the highway approach. the fiscal cliff just 24 days away. >>> and a tragedy in pro football to tell you about. a dallas cowboys player has been killed and another has been arrested after an early morning car crash. cnn's mark makay joins me with the latest in a few minutes. >>> nelson mandela is in the hospital. but the country's president says the 94-year-old is doing well and there is no cause for alarm. mandela spent 27 years in prison for his battle against racial segregation and later became his nation's first black president. rob robin kernow has the report. >> reporter: jacob zuma announcements mandela is in the hospital for tests. the presidency issued a statement aiming to reassure the south african public. it says that mandela is well there is no need for concern and the medical attention he's receiving is consistent with his age. mandela is 94. now, the
're talking a bull or a bear market. wa wall street is saying about the fiscal cliff. plus kate out of the hospital but is she out of the woods. she's out of the hospital after battling a treatment for severe morning sickness. we get a report from london straight ahead. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. avoid bad.fats. don't go over 2000... 1200 calories a day. carbs are bad. carbs are good. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like natural grains. you can't argue with nutrition you can see. great grains. search great grains and see for you
is in transportation, too -- we are mired in conversations about the fiscal cliff. we are talking about long-term infrastructure, a long term energy plan. >> this is the perfect opportunity for the government to work together to achieve a common goal. there is plenty of times when our interest might not call last with the interest of either of the parties. this is the opportunity we have never had before. you could have consumer, business, and the government's all working together to take advantage of this huge resource. for us, it makes so much sense because it makes business sense. we get about $1.65 a quilt when natural gas. from the government point of view, everybody is talking about jobs and the fiscal cliff. everyone talks about taxes and what is going to happen with the fiscal cliff. there has been $1500 gone to increase oil prices. you can get them that tax cut today if you invested in our report. everybody talks about entitlements. high oil prices make the social security trust insolvent five years sooner than they would if he did not have high oil prices. america needs jobs and gr
, more fiscal cliff talks between the two most powerful men in washington right now. >>> plus, he was supposed to be parking an nfl star's car, but he made a bit of a detour. this is like ferris buehler's day off. amazing story. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. oral-b power brushes. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. i just finished a bowl of your new light chicken t pie soup and it's so rich and creamy... is it really
to shock trauma where he died a half an hour later. >> to washington now and the fiscal cliff budget talks. if lawmakers fail to produce a deal, more than two million people will lose unemployment benefits four days after christmas. concern over budget talks is changing the way some are shopping this holiday season. nadia ramdass has more. >> alexandria, what do you want for christmas? >> furby and barbie. >> furby, barbie, and electronics are a taste of some of the must-have items this holiday shopping season and this ellicott city target store was bustling saturday with shoppers determined to make holiday purchases within reason. >> they'll save us a lot of money. >> with the looming fiscal cliff, linda and mike martzen are changing holiday shopping habits this year, relying on coupon and shopping less in case the cliff goes over in the beginning of the year. they're not alone. >> buying more practical, stuff people want. >> trying to save more and buy less in case taxes do go up. >> experts say the fiscal cliff could play grinch to the u.s. economy during the holiday shopping season. in
virginia family today to put a face on the so-called fiscal cliff. tonight we talked with that family that's now in the national spotlight. >>> a well-known senator handed in his resignation today. >>> a few minutes ago the
-called fiscal cliff. the president and republican leaders came out tough today with some tough talk about the other side's plan. fox 5s tom fitzgerald was following the story. 26 more days to go on this. >> reporter: time is running out, shawn. involving a white house and top gop officials were both out talking a lot today about the need to strike a fiscal cliff deal and what they were doing is tacking with each other, with no new talks scheduled between the major players in the debate and the speaker of the house finds himself defending his own plans for members of his own party. in northwest d.c., president obama is on the hard sell trying to convince a group of business executives to support raising taxes on the wealthy. >> let's allow higher rates to go up the top 2%, and that includes all of you, yes? >> reporter: saying a fiscal cliff deal must include new revenues. the president pushed his plan to raise taxes on household earning over $250,000 a year. >> and i am here to tell you that nobody wants to get this done more than me. >> reporter: john boehner has a hard sell of his own w
♪] >> stephanie: nancy pelosi is going to brief us on the fiscal cliff talk at 12:00 eastern. >> it's joke! >> you can't take anything boehner says seriously at all. it's so win-win for the democrats on this. and i would like to see the president go off the cliff and let the republicans try to vote it down. >> stephanie: we posted a great article -- it was the best thing i have read about the l.a. times, where he said let's hold hands and walk down together. it's not that bad. all of the nobel prize winning economists asking george bush not to enact these policies in the first place. >> exactly right. this was used because bill clinton has a surplus. bush said let's give it away to rich people. where is the money? it's gone. we can't have these cuts anymore. >> stephanie: yeah. mitch mcconnell is up for reelection in 2014 rand pall not until 2016. >> yeah because mitch mcconnell would love to see rand paul gone. and they have already said they are going to open up their box of tricks against her. >> stephanie: rand paul is one of those tea party jerks that i can't wait
concerns with the fiscal cliff talks? guest: so for most small business owners and senior executives at big, big companies, the fear is that going over the cliff, even on a technical term is going to cause more uncertainty, increase their borrowing cost, and it's going to put our economic recovery at risk. and most point to simpson bowles and understand that we have to raise revenue and we also have to control spending, they generally like the outlines of simpson bowles deal they like the principles behind it, those are pretty clear, pred spread the cost, protect the most vulnerable, don't disrupt the economic recovery, try to simplify the tax code while you're at it. they generally support those principles. >> do you think a recession could happen if we go off this fiscal cliff? guest: they do. i think there's a qualitative difference this year and last. we saw business leaders were concerned that washington wasn't going to come together with a deal and it could end badly. but it was a more muted concern. i think they trusted that washington would get it done. an given how closely -- close
, all of this, all of this, is if they go over the fiscal cliff and they don't fix it, and they never fix it, right, the worst case scenario. my question for you. so much talk about taxes for the rich but isn't it true if the sequester goes into effect and isn't fix this will d disproportionately hurt the poor? >> it would because it would be tax increases on middle and working class americans and hard cuts across the board in defense and domestic programs, including education and job training so there's -- >> 700,000 mothers and children will lose nutrition assistance and 80,000 fewer child care subsidies and 14,000 fewer homeless would receive assistance. this is what agencies are preparing for as they do these cuts. >> remember, congress set this up. they set the cliff up in an effort to be responsive, to quote, the need for deficit reduction. they set this deadline. they have the option of pushing the deadline back and continuing to negotiate, but they ought to get together and flex their positions a little bit, and i think they can find common ground, but here's the most importan
-888-xarelto or visit goxarelto.com. >>> let me finish tonight with this. this fiscal cliff we talk about, i'm afraid is no bungee jump. what goes down doesn't by necessity come back up. this is why i've warned to know the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went through financial chaos under w. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. fortunately for him the voters remember how bad they were. that's one reason they don't blame obama for the weak economy, they still blame w. this isn't about right or wrong. it's about being smart and not putting the country a
, whether it's more salient right as the fiscal cliff where they're talking about digging their heels in to protect the one percent? their brand now is defending tax cuts for the top, very top, of our country. and, also, digging our heels in on things like gay marriage where people are now moving to the left. or on comprehensive immigration reform. or even on things like birth control that 99% of the electorate have used. it doesn't really matter what issue you're looking at. republicans are finding themselves being pulled far to the right. and part of that is whether you have folks who may challenge speaker boehner for the speakership. you also have folks that are going to primary around the country. >> let me ask this before i come out of time. one of the rising stars at the republican convention and being tallied for 2016 is chris christie, governor of new jersey. he sat down with barbara walters who began asking the hard questions he may face in 2016. listen to this. >> there are people who say that you couldn't be president because you're so heavy. what do you say to that? >> tha
. >> what about the fiscal cliff? we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move that money finally into cheaper, more tax efficient and better profits etf has to offer. >> trader talk column, trader talk cnbc.com in a few moments. that's what's hot, etfs. back to you. >> we look forward to that very much. thanks, guys. gold market selling off a little bit. at the close, sharon epperson tracking the action at the nymex. moving into stocks and out of the metals. >> they are. we're seeing a little bit of weakness in the gold futures price. gold etfs held up steadily over the last several weebs as well as record levels, in fact. in term of the flat price we a
day closer. we're talking about this every day about the fiscal cliff and yet major players are still not sitting down to talk. >> but there was some encouraging news yesterday. president obama and house speaker john boehner did speak on the telephone. right now, though, there's no evidence any future negotiations are scheduled. a new poll by the associated press shows 48% of those asked support letting tax cuts expire january 1 for those earning more than $250,000 a year. but extending them for everyone else. >> just 32% think the cuts should be extended across the boards. >> at 6:37 rchtion it's time for -- at 6:37, it's time for another your money report. >> jessica doyle is talking about the real possibility we actually will indeed go over the cliff. >> they say good things come to those who wait except maybe in the case of the fiscal cliff. timothy geithner said the administration will absolutely take the leap. but some say both sides could wait till january to get down to business without any big economic consequences. the expiration of the bush tax cuts forcing tax rates higher
're really talking about as part of the fiscal cliff. >> that is what might be cut. that is what automatically expires. we know it cost $30 billion to continue additional unemployment benefits. of the deal i want to make, the benefits should continue. firm stand. we have seen in the past obama host: what specific benefits do guest: usually some kind of a cash benefit or they may help the search for a job. it is usually about $300 a week. it can vary from state sen. in the mississippi i want to say it is closer to $200. host: how are the programs funded? payroll taxes. through the trust the state administers the program and the money goes to the unemployed. host: talk about qualifications order to apply? guest: generally what you have to do is you have to have a year certain threshold. you have to have been let go from a job. and necessarily qualify for -- to qualify for unemployment benefits. if he graduated from college and do not have a job, you getit is a pretty easy system to get into if you were laid off after 10 years. host: we have some qualifications a person must meet on
boehner's office to reach a deal on the fiscal cliff. while talks continue privately between both, no public details of progression toward the compromise have been released. in the last hour, our guest, tony fratto who is the former press secretary and jerry bernstein agreed that we would likely get some sort of a deal, just perhaps not in a form that was widely expected. joining us right now is the first of many lawmakers we'll be speaking with today, texas congressman jeb hensarling who is also the incoming chairman of the house financial services committee. and mr. chairman, first of all, congratulations. >> thank you. good morning. >> good morning. thanks for being with us today. >> happy to do it. >> we hear all of this talk, we hear all the talk that's been leading up to this point. we know it's gone a little quieter at this point. maybe that's a good thing. i also know you've been pretty firm about this. you've said that elections do have consequences. the president is getting his revenues. now he's drawing a line in the sand when it comes to tax rates. do you agree to go a
cliff. talking a trillion dollars in cuts over ten years. that would mean furloughs for some federal workers, slower hiring, outside contracting, the closer we get to the cliff, the more real it begins to seem. how does that then change the negotiations? >> well, i think it's all part of the political pressure the white house is trying to apply to the congressional republicans. we saw the same thing in '11 when we had the near government shutdown and the dispute over the debt ceiling. the closer we get to the debt line, the white house starts talking act what kind of specific impact this would have. in terms of the fiscal cliff, higher taxes on everybody. one thing that will happen without an agreement, all the bush tax rates go away, so everyone's taxes are going to go up. you'll see that emphasized over the next couple weeks. you'll hear the white house talk about what a bad situation there will be after january 1 if this deal is not cut. >> david jackson, "usa today," shira toeplitz, "roll call." we appreciate your time so much we'll talk to you later in the hour as well. >> thank
're going to see this fiscal cliff deadline be moved back? >> well, that was the talk. i remember last sunday telling you that congressman davis said there will be a downpayment, but now there seems to be a certain sense that look, we want to do something comprehensive. we want to do something maybe not dotting every i and crossing every t, but something big. the only other sticking point -- i don't want to be too much of a polly anna is this debt increase which the republicans feel they can hold the leverage. the debt increase of 16.3 trillion, that's going to be part of the deal, too are but when both parties get scared that they're going to be the blame or they're not going to be able to move forward and the stock market gets plummeting down, then you're going to see real action. i think this is a very good sign. now boehner has to sell it to his own caucus and the president has 90 liberals or left wingers that he has to sell his part of the deal to, too. >> last few seconds i want you to look into your crystal ball and let me know what you think will happen this week in terms of th
and forth on the fiscal cliff. lots to talk about around the country. we will give you a chance to sound off and tell us what it means to you at 866-55-press. >> that's our toll-free number. big news on the media front today, it's been revealed fox news has put out the word we don't karl rove and dick morris to pop up on our air any more at least for a little while. no wonder because during campaign, they got everything wrong. you know, you have to be pretty extreme when your two right-wing even for fox news. karl rove and dick morris sayonara. today's latest current news update. lease a ferguson in our studio in los angeles. hi, lease a. good morning. >> hey, bill. good morning, everyone. let's start out with a couple of updates from the senate. first off, g.o.p. members have rejected a treaty from the united nations that would have banned discrimination against people with disabilities. that vote goes against a very impassioned speech from senator john kerry and against the wishes of former senator bob dole. mr. dole was logging to see this treaty pace
and how congressional leaders plan to handle social security as part of the fiscal cliff talks. first up here on overview from a capitol hill reporter on social security. >> here to talk about the prop program and how it is involved in these discussions. steven joining us from the associated press where he's a reporter. thank you for being here. how many people in america receive social security and how much do they get? guest: a little bit more than 56 million people get social security and the average benefit is a little over $12,000 -- let's see, a little over $1,200 a month. so maybe it's like $13,000, $14,000 a year. host: and we're talking about retirees. also, though, the disabled. guest: yes, yes. actually we have a fairly wide group of people get social security benefits. retired workers, spouses, children, disabled workers, widows, widowers. it's actually a fairly big social safety net of people who get social security benefits. host: as you mentioned, about 56 million beneficiaries. those retirees receive about $1,200 a month on average. the benefits for the disabled, $1,100 a
for word on progress or talks on the fiscal cliff. also they are waiting to see whether or not federal chairman ben bernanke makes any comments about that. when he concludes at the conclusion of the two-day fed meeting occurring on tuesday and wednesday. again, dow industrials for the third day in a row looks like it is held to double digit range. today's range is about 56 points. let's look at a couple of dow movers. mcdonald's from the better than expected saim stores sells. weakness we are seeing in home depot along with other details sales numberes. but we continue to see strength in tech. dow and hewlitt packard with a possible break up of that firm. since november about the middle of november, when they hit a 52-week low, all of this despite weakness in apple, this group continues to perform very, very well. energy stocks higher earlier, drifting lower, that has the dow's lead from the highs of the session. lastly we want to note that dovert corporation, took the stock down a couple of points. >> no t.o. the nasdaq now, everybody is talking about apple once again down here, but t
manage president obama's re-election campaign. we'll talk more about the fiscal cliff. >>> first a look at other stories that are making news today. zoraida has that for us. >> good morning to you. the death toll in the philippines is rising this morning. typhoon bopha moving toward beach resorts in the northern part of the country and right now it is packing winds over 90 miles an hour. that storm has already caused massive flooding and landslides in the southern philippines. dozens of buildings have been destroyed and the death toll stands at 133 with hundreds more still missing. >>> meantime in rain soaked seattle there are concerns about more mudslides. meteorologist karen maginnis joins us live from atlanta with the latest. they cannot get a break. >> they really can't, and for some folks, this is not coming as good news because it looks like that pineapple express, that moisture coming from deep within the pacific, that's going to be shut off, but we've still got the moisture coming in from the gulf of alaska and that's going to lower the snow levels across the cascades and the ol
development in the oil patch. >> it will be really nice to talk about something other than the fiscal cliff. i will say that. >> jobs. that's right. >> 25 minutes past the hour. the republican party needs some new younger blood say some pundits. are these the new leaders of the gop, paul ryan, marco rubio, could they already be on the campaign trail? bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of
with business leaders again today to talk about the consequences of going over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party leaders to compromise anymore than they think they already have. even though the republican plan offers u
that created it. >> bill: sure. they're the ones who brought us to the fiscal cliff as we were talking yesterday because their super committee failed to do its job and now we have the sequestration hanging over our heads. >> they constantly create a situation, try to blame obama. >> bill: kevin, do you think we dare say look, hold the line and if you don't raise rates on the top 2%, we're not going to make a deal? >> absolutely. hold the line. i'll gladly pay more taxes than to have some rich son of a bitch pay more. >> bill: you and me both. that's all right. i'm willing to do it. i am a patriotic millionaire. i ought to -- i should join the club. thanks, kevin for the call. >> announcer: this is the "bill press show." which was just as you say -- maybe it was starve the beast. i'll look it up during the break. going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party o
carolina three years ago. jenna: we've been talking about the fiscal cliff and the clock is ticking down until the deadline for that amid all the efforts to hammer out a deal on capitol hill. while some warn of the damagers going over a cliff the man known as one of the greatest 20th century advocates for a free market economy may have had a different take. his name was milton freidman, and his greatest concern was really just government, and too much of it. here he is in a clip from the 2006 documentary "1%." >> in the end we'd end up worse off. it would do harm not good. people don't pay those high taxes, they find ways of getting around it. you're never going to be able to stop them from finding ways to get around it. jenna: talking a little bit about taxes there. my next guest has written extensively about milton freidman. we wanted to ask him, what would milton do, one of the greatest economists. nobel peace prize winning economist. we have the author of the inch dense pensable milton freidman. what would he think about all of this. >> great to be with you. i'm sure if milton freidm
assume is the capital gain before the end of the year. >> the fiscal cliff. >> your comments on dupont and joy global, i see pretty cautious commentary from du post. if my numbers are right, 2% global growth is what dupont is talking about next year. 1.5% growth in north america, 4% in asia pacific. i do agree chain a's definitely a bright spot. that's certainly pretty good. dupont really big company, they operate across chemical business, they operate in electronics, agriculture. remember, housing, they owned the tybeck insulation business, that's been a monster business for them overall. i think china is the bright spot. if you look carefully, they're talking about 8% to 12% decline in revenues in 2013. even though they said we're projecting pretty much the same in 2013, as 2012, the ceo said there are signs of improvement in china. yet their numbers overall this year weren't that good. still, i'd say pretty cautious, hopefully china starting to emerge. again, fourth quarter may be the bottom here for china. guys, back to you. >> totally agree. joy would not be having this move i
with the sunday talk shows, focusing on the fiscal cliff. it looks like we're looking at a lower open for the dow. as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's one thing for certain, taxes on top earners are going up. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald
into today. ben white to talk fiscal cliff with us. we're talking to amanda terkel from "huffington post" in the next hour. little little bit later in this hour, major neil franklin with a group called law enforcement against prohibition, they're not happy with so many police officers spending so much time chasing pot. we'll get into that with him. but first -- >> this is the "full court press". >> the most memorable quotes of the year. the top two belong to mitt romney. number one -- the number one most memorable quote is the 47% comment that was caught on video. number two is binders full of women. and a quote from president obama is number three. that was his you didn't build that comment. also in the top five, the president's horses and bayonets jab during the debate. >> bill: yeah. we can do that until the end of the year. pull our favorite clips from the campaign. >> bill: 9-9-9. >> some of the clint eastwood stuff could have been in there. >> bill: newt gingrich and the moon. >> plenty of talk about p
. president obama is begin talking his fiscal cliff plans today. he will be on a conference call from the white house with a bi-partisan group of mayors and community leaders. the group will focus on how to prevent taxes from going up from middle class americans along with finding ways to grow the economy and reduce the deficit. turning to syria this morning, president obama is now stepping up pressure on bashar asaad with his official recognition of syria's opposition group. here with an interview with barbara walters. >> we have made a decision that the syrian opposition coalition is inclusive enough is reflective and representative enough of the syrian population that we consider them the legitimate representative of the syrian people in opposition to the outside regime. >> again, that's come from an exclusive interview yesterday with abc's barn with a walters. u.s. security officials are monitoring syria in case asad will use chemical weapons against his own people. other world leaders are expected to recognize the opposition. they say they will not ar
, the president is hitting the road talking to families like the santanas in falls church about the fiscal cliff. the santanas, a family living with older parents say they stand to see their taxes go up by $4,000 if congress does not act now. the cliff would essentially mean the expiration of the bush era tax cuts. and that includes benefits to the middle class. everyone here on the hill agrees those families should be spared, but the president wants to raise taxes on the wealthy. republicans oppose the hike saying it would further hurt our economy. in the meantime, the president is also playing hardball on the debt ceiling. obama wants the $16.4 trillion debt ceiling to be lifted allowing for more government money to pay off medicare and tax refunds. he says without a resolution to the debt ceiling, there is no deal. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> what the president is really interested in as we learned just yesterday is getting as much taxpayer money as he can first by raising taxes on small bu
said, we have a deal, a fiscal cliff deal, and bob pisani was delivering a talk on the floor. a deal would signal the start of american austerity. what's your take? >> no, we get a deal going, look out above. i think there's lots of ceos i talked to who want so much. they want to bring money back here higher. this is the cheapest place to build and hire people in the world. but they're just not sure exactly how much they're going to have to spend because of the government. that's the impediment. these guys want to built here, insource, energy costs really low. it can happen. it's huge. >> with that in mind, if we close at these levels, at least in the green, that's five days up, guys. we've not done that since march, which is a -- that's a long time ago. >> i like having becky on "squawk on the street." >> i like sitting next to jim. thanks, guys, it's been great. thanks, jim. thanks, guys. >> see you soon. stimulus watch as the fed kicks off a two-day policy meeting. wait until you hear what investors are saying in our latest fed survey. that's next. >> should you keep betting on a
at quarterback. sorry, i've just got to say it. so let's talk about the fiscal cliff. >> you don't want to stick on it? >> you want to stick on this? the thing about josh hamilton is, in the 162nd game of the year. >> yeah. >> he basically let a pop fly fall in front of him. >> yeah. >> no effort. >> the irony, of course, is that he probably has the sweetest swing and the most pure talent in baseball. and when he's on, there's no one better. i think he had a four-home run game where every ball was a line drive. it was right on the peg of the bat. if he put it all together, he would have been sitting pretty right now. >> he would have. so fiscal warnings yet to faze wall street. steve rattner, this is a good one to talk to you about with congress and the president seeming to be further and further apart. we're starting to hear well, maybe we can survive the fiscal cliff for a little while. what's going on? >> no, i don't think wall street is saying we can survive fiscal cliff. they're saying i'm not sure we're going over the fiscal cliff. right after the election wall street dropped 5% when every
the fiscal cliff. meanwhile, we will talk about at the top of the hour, in one day on friday, republican legislators in michigan forced through right-to-work legislation, destroying labor unions in a state that labor built, but unions are getting organized. they are going to be big -- there are going to be big protests and they are they say they will not allow them to get away with this. we will talk about that. the latest. today's current news update from lease a ferguson out in los angeles. hi, lisa. good morning. >> hey, bill. good morning, everyone. big banks are in for another round of trouble thanks to a fresh waves of lawsuits facing claims they sold more than $1 trillion of bond securities backed by home mortgages. banks have paid tens of billions of dollars to settle other lawsuits and some in the industry fear they are facing up to another $300,000,000,000 in losses. many homeowners and investors could argue they deserve a payout from the banks after seeing their mortgages collapse during the financial crisis but economists say those costs cou
there could be another round of negotiations, talk to avoid the so-called fiscal cliff. for the first time in days, president barack obama and house speaker john boehner spoke by phone about the looming fiscal cliff. so far, no word on the details of the conversation but some republican leaders are now asking for a sit-down with the president. the two sides are at a stalemate over raising taxes on incomes over $250,000 a year. 2 >>> taking a look at some of our other top stories this morning. police in fairfax county continue to investigate a scary scene at robinson secondary school in fairfax after a loaded handgun was found inside a student's locker. they insist that proper disciplinary action will be taken and that the students were never in danger. >>> a fairfax county woman is being sued by the map she hired to do handy work at her home after he says she posted negative comments about him on the web sites yelp and angie's list. the woman claimed he did poor work and stole her jewelry to boot. the contractor says the allegations are false and now he is suing her for defamation claiming
dice sell truck engines. he's going to talk about the economy and fiscal cliff within the hour. we'll go to that live. >>> first to florida. that's where we learn new details about a long running mystery. in the town marianna and they have found more grave sites on the grounds a school that closed last century. nobody knows how many boys may be buried there and what abuse he suffer the at that school. ed lavandera spent years investigating the story, and he has the details. >> a mystery haunting the ground of this now defunct school for boys in marianna involving teenage boys sent here decades ago, some never seen again. in recent years former students in "twilight" years have come forward with horrific stories of punishing aaabuse doled out by school leaders and friends that vanished, stories told by cnn. they accused former school leaders of beatings, sexual abuse and even murder. which brings us to this cemetery on the school's grounds. the bodies of 31 boys are buried here. florida authorities claim they know how all the boys died, some killed in a fire and symptom in a flu epi
for everything he has done. [laughter] and now we can talk about the fiscal cliff. let me start off just by -- we will do the house rules, except we will cut in half. 30 seconds -- then we will have time to elaborate on all this. i want to go through the panel. what do think the odds are that some kind of the deal will be cut by january 1 in order to avoid sequestration and all the tax hikes? mark, i will start with you. >> i think it is 80% that we will avoid sequestration. the question is, though, is this going to be a big enough deal, and will actually be enough of a down payment that it will lead to something else subsequently that will actually avoid the kind of enormous consequences of $16 trillion of debt? that percentage will be lower than the 80%. >> let's come back to the big picture -- in the short term, by january 1 -- will we avoid the cliff? >> i think it is likely that we avoid it. it does not appear that that is going so well. it is so easy for us just to do the things we need to do. i think the real line in the sand is going to be the debt ceiling. i really do think -- i have sai
working out it, too. all this talk about the fiscal cliff and all the tough words there's this code coming through in the language this evening, which could make quite a difference if it leads to a deal. it's really worth looking at very, very closely, and we will. we're also going to talk about the president's pot problem. he doesn't really have a pot problem, but he's got a pot problem. he's out west and it could make a big difference to him. and a lot of his constituents who helped push him back into office. it's really going to be a difficult issue for the white house to grapple with, i suspect. it's all coming up on "erin burnett outfront." >> the interesting thing about the pot problem, as you say, well, it's clearly been a big topic ever since the election. there is a real federal states rights issue going on there. >> yeah, there is. and the problem is if you pursue that path, well, there are a lot of other things that are federal states rights issues. so it's a very tricky thing to watch. you can't just look at one part of the issue and say it's just about that because then other
's talking about what will happen to the auto industry if the country falls off the fiscal cliff. let's take a live look now. the president's motorcade is expected to arrive any minute now, then he will be heading to detroit. there's some new hope for a deal after the president and house speaker john boehner held their first one-on-one meeting at the white house in weeks yesterday. now, both sides are mumm about the negotiations -- are mum about the negotiations but say the lines of communications are open. they have 20 minutes to reach an agreement even if they come up with a plan, the international monetary fund says a more constant solution is needed to maintain the economy. >> there's still that uncertainty that fuels doubt, that prevents investors, entrepreneurs, households from making decisions. >> a politico poll out this morning shows president obama has the most leverage in these negotiations. he is demanding a tax increase for american households that make over $250,000 a year. and this poll shows 60% of americans support that idea. reporting live from washington, d.c., alison burn
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